Singapore June CPI Rise Slows on Easing Car-Price Growth

TODAY: July 23, 2014 PUB DATE: July 23, 2014

By Chun Han Wong SINGAPORE--Singapore's consumer prices rose at a slower-than-expected pace in June mainly owing to decelerating growth in car prices. The consumer price index rose 1.8% year over year compared with a median estimate of 2.6% rise in ...

Australian Inflation Meets Expectations

TODAY: July 23, 2014 PUB DATE: July 23, 2014

By James Glynn SYDNEY--Australian consumer prices rose 0.5% in the second quarter from the first and were up 3.0% from a year earlier, the Australian Bureau of Statistics said Wednesday. The numbers were precisely in line with economist estimates ahead ...

EU Toughens Sanctions on Russia

TODAY: July 23, 2014 PUB DATE: July 23, 2014

By Naftali Bendavid and Matthew Dalton BRUSSELS--European Union foreign ministers on Tuesday toughened sanctions on Russia following the crash of Malaysia Airlines Flight 17 in eastern Ukraine, but they avoided adopting an immediate broad arms embargo, suggesting a split over ...

RBA Hopes to Get China Investment Quota Soon

TODAY: July 23, 2014 PUB DATE: July 23, 2014

SYDNEY--Australia's central bank said it hoped shortly to obtain a quota from China allowing Australian financial institutions to invest in the mainland, opening a path to investment in Chinese bonds and equities traded directly in Renminbi. The Reserve Bank of ...

Bet on Failed Bank IndyMac Creates Windfall

TODAY: July 23, 2014 PUB DATE: July 23, 2014

An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis. The group's 2009 purchase ...

China Banking System June Net Forex Sales 88.28 Billion Yuan

TODAY: July 23, 2014 PUB DATE: July 23, 2014

BEIJING--China's central bank and financial institutions sold a net 88.28 billion yuan ($14.2 billion) of foreign currency in June, compared with a net purchase of 38.657 billion yuan in May, according to calculations by Dow Jones from central bank data. ...

Detroit Pension Leaders Express Relief About Debt-Cutting Plan -- Update

TODAY: July 23, 2014 PUB DATE: July 23, 2014

By Matthew Dolan and Andrea Gallo Leaders of Detroit pension funds expressed relief Tuesday after voting results showed pension holders endorsed the Motor City's historic reorganization plan, but bond insurers voiced continued opposition, signaling a bumpy road ahead in bankruptcy ...

BOJ's Nakaso Says Recovery in Exports 'Sluggish'

TODAY: July 23, 2014 PUB DATE: July 23, 2014

SHIZUOKA, Japan--Bank of Japan Deputy Gov. Hiroshi Nakaso said Wednesday that the recovery in the country's exports has been "sluggish" and slow by historical standards, highlighting how lackluster shipments abroad have become a major debate topic among central bankers. "While ...

Australian Inflation Meets Expectations

TODAY: July 23, 2014 PUB DATE: July 23, 2014

SYDNEY--Australian consumer prices rose 0.5% in the second quarter from the first and were up 3.0% from a year earlier, the Australian Bureau of Statistics said Wednesday. The numbers were precisely in line with economist estimates ahead of the data. ...

Brazil Trims 2014 Growth Forecast

TODAY: July 23, 2014 PUB DATE: July 23, 2014

By Jeffrey T. Lewis SÃO PAULO--The Brazilian government cut its economic growth forecast for 2014, reflecting the sluggish expansion already seen so far this year. The country's gross domestic product will grow 1.8% in 2014, compared with the 2.5% projected ...

China Opens Door to New Zealand's a2 Milk Company

TODAY: July 23, 2014 PUB DATE: July 22, 2014

WELLINGTON, New Zealand--New Zealand dairy firms are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year. a2 Milk Company Ltd., which specializes in ...

China PBOC Skips Open Market Operations

TODAY: July 23, 2014 PUB DATE: July 22, 2014

SHANGHAI--China's central bank skipped Tuesday's open-market operations, likely to keep a cap on liquidity in anticipation of several initial public offering launches, participating traders said. The central bank injected a net 17 billion yuan ($2.7 billion) in last week's operation, ...

MARKET SNAPSHOT: U.S. Stocks Open Higher; CPI In Line With Forecasts

TODAY: July 23, 2014 PUB DATE: July 22, 2014

By Anora Mahmudova and Sara Sjolin, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market opened higher, as investors digested second-quarter results comingin through thick and fast. The S&P; 500 (SPX) opened 8 points, or 0.4%, higher at 1,981.66, led ...

Hungary Cuts Key Rate Deeper Than Expected

TODAY: July 23, 2014 PUB DATE: July 22, 2014

By Margit Feher BUDAPEST--Bringing its easing cycle to a full two years, Hungary's central bank cut Tuesday its main interest rate deeper than expected to a new record low to help the government propel the recovery. Following the inflation index's ...

Slowing Decline in Italian Lending Offers Glimmer of Hope

TODAY: July 23, 2014 PUB DATE: July 22, 2014

By Giovanni Legorano MILAN--Italian bank loans continued declining in June, but at the slowest pace since March last year, a rare piece of good news for the battered Italian economy. Italy's banking lobby ABI said that June loans declined by ...

Oil Futures Extend Gains on U.S. Demand, Russia Tensions

TODAY: July 23, 2014 PUB DATE: July 22, 2014

By Eric Yep Crude-oil futures extended overnight gains in Asian trading hours Tuesday on indications of stronger U.S. oil demand and as European Union officials mull tighter sanctions against Russia. On the New York Mercantile Exchange, light, sweet crude futures ...

EU Likely to Hit Russia With Fresh Sanctions

TODAY: July 23, 2014 PUB DATE: July 22, 2014

BRUSSELS--European Union foreign-policy chief Catherine Ashton said the bloc would adopt fresh sanctions on Tuesday on those involved in destabilizing Ukraine following the suspected shooting-down of a Malaysia Airlines jetliner by pro-Russian rebels in eastern Ukraine. Speaking on her way ...

Putin: Russia Will Press Rebels to Help Probe

TODAY: July 23, 2014 PUB DATE: July 22, 2014

MOSCOW--President Vladimir Putin said Tuesday that Russia will press separatists in eastern Ukraine to assist the investigation into the downing of Malaysia Airlines Flight 17, but he offered little sign of changing course on the conflict in Ukraine in the ...